Faraday Future announced the launch of its transformative 'EAI + Crypto' Dual-Flywheel & Dual-Bridge Ecosystem Strategy.
The strategy integrates Embodied AI (EAI) with the growth of the crypto asset economy, positioning Faraday Future at the forefront of AI mobility and Web3 integration.
The company aims to drive leap-forward growth by combining real-world mobility innovation with high-growth potential from crypto.
C10 Treasury Product Launch
Faraday Future introduced the 'C10 Treasury' product, aiming to become the No. 1 treasury for the world's top 10 crypto assets, with an 80% passive + 20% active portfolio allocation model.
Dedicated Financing for Crypto
The company plans to use dedicated financing exclusively for the purchase of crypto assets, with the first phase targeting up to $500M-$1B in crypto coin purchases.
California State Treasurer's Endorsement
California State Treasurer Fiona Ma endorsed Faraday Future's new strategy, recognizing its potential to boost the economy and create high-quality jobs.
- Faraday Future's strategy upgrade aims to maximize value for stockholders by driving leap-forward growth through a combination of real-world innovation and crypto assets.
- The launch of the 'C10 Treasury' product marks the company's entry into the crypto market, positioning itself as a pioneer in AI mobility and Web3 integration.
Faraday Future's bold strategic initiative marks the beginning of a new chapter in AI mobility and Web3 integration, setting the stage for potential growth in both the mobility and crypto sectors.